=> Here we can see the downtrend has broken its year-long consolidation. => For those in Elliot wave this appears to be an ABC correction since December last year. => Eyeballing the lows of $3,000 for support, in particular I like $3,100. This ABC can extend as low as $2,294 - $2,300. => To put it simply, there is no point in trying to catch a knife here as the correction does not look done .... yet.
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